TopBuild (NYSE:BLD) Issues Earnings Results, Beats Estimates By $0.25 EPS

TopBuild (NYSE:BLD) issued its quarterly earnings data on Tuesday. The construction company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25, Briefing.com reports. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.36 earnings per share.

TopBuild Price Performance

NYSE BLD traded down $1.10 during mid-day trading on Wednesday, hitting $395.50. The stock had a trading volume of 97,915 shares, compared to its average volume of 267,972. The company has a 50 day simple moving average of $414.07 and a 200 day simple moving average of $363.66. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.94 and a beta of 1.67. TopBuild has a 52-week low of $199.31 and a 52-week high of $452.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Benchmark raised their price target on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Bank of America boosted their target price on TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Stephens reaffirmed an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a report on Tuesday, April 23rd. DA Davidson assumed coverage on shares of TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price for the company. Finally, Evercore ISI boosted their price target on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.